Delighted to welcome Rob Yates as our new Director of National Platform Partnerships! In this role, he will focus on large employer groups to help answer their employees' needs for greater purchasing options and increased financial flexibility.
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New Mercer study reveals employees are more satisfied with work, but financial security concerns remain high.
Covering monthly expenses still tops employees’ concerns. Purchasing Power offers a benefit solution to help budget needed purchases. #HRLeaders
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EBN reports that Gen Z workers are the most stressed out demographic. 23% of young workers say they are dealing with "unmanageable stress," and 48% said they felt drained. Let Purchasing Power help with financial stress. #HRLeaders
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Middle-Income Financial Security Monitor says more mid-income Americans rate their personal finances negatively than positively. Just over half (51%) say their finances are either "not so good" or poor. Let Purchasing Power help free up cash! #HRLeaders
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EBN shares increased living costs are impacting employees' overall financial picture — and salary increases aren't keeping pace, leaving employees further behind than ever. Let Purchasing Power help answer these more immediate financial needs. #HRLeaders
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Student loan payments resumed Oct. 1. Many employers are providing guidance & counselor tools or offer one-on-one financial coaching sessions – or even student loan matching for 401(k) plans. Use Purchasing Power to help employees free up cash. #HRLeaders
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The financial services industry is tailored for those with disposable income who may need guidance, but not actual help. HR executives need to foster financial resilience for the often-overlooked middle-class worker. Let Purchasing Power help! #HRleaders
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Maxing out a 401(k) is hard when employees are struggling to make ends meet and their paycheck barely covers expenses. That’s why employers need to go beyond the obvious to give employees practical support they need...like Purchasing Power. #HRLeaders
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The average American's personal debt is $21,800, which is why employers need to provide employees with the right financial tools--budgeting worksheets, money management apps, financial counseling, etc. Make Purchasing Power part of your mix! #HRLeaders
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Purchasing Power surveyed healthcare employees earning less than $100,000 a year on topics including compensation, workplace benefits, monthly expenses, and their expectations of current or new employers. Financial wellness benefits are vital! #HRLeaders
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Purchasing Power closed a $177 million revolving credit facility, backed by Barclays Bank. This will support the company's growth plans through the majority of 2025, providing more customers access to its unique employee purchase program and financial wellness tools. #HRLeaders
Is your financial wellness offering really serving employees? Are they retaining the information and benefits? Tailoring wellness programs to employees’ needs can better guide businesses and their employees to real financial health improvement. #HRLeaders
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Global competition for healthcare talent is making headlines. 80% of healthcare professionals state benefits are just as important as salary. View all findings of the Purchasing Power 2023 Financial Well-being Survey: Healthcare Industry here. #HRLeaders
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Purchasing Power VP Dutch Ross was recently interviewed by AMERICAN CITY & COUNTY about employers having the opportunity to enhance how they support immediate and sometimes unplanned financial needs of their employees. Great shared insights! #HRLeaders
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New Morgan Stanley report at @EBNbenefitnews reveals 66% of employees say financial stress impacts their work; 66% scaled back retirement contributions due to inflation/recession concerns. Let Purchasing Power help employees regain confidence. #HRLeaders
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Northwestern Mutual survey says 67% of Americans expect the economy to enter a recession later this year, with 75% believing it will have a moderate/high impact on their long-term finances. Purchasing Power can help keep cash on hand. #HRLeaders
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New poll says <66% of Americans are financially literate. Employers should offer resources needed to help workers feel more financially stable. Beyond freeing up cash, Purchasing Power also offers wellness solutions to help educate workers. #HRLeaders
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Predictions about another recession have heightened the need for HR to make financial wellbeing an in-house corporate concern. Employees are counting on employers to help them with their needs--let Purchasing Power assist your organization! #HRLeaders
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A University of Phoenix Career Institute survey found financial instability is up among employees - 65% of workers now say they live paycheck to paycheck vs. 56% last year – up more than 16%. Let Purchasing Power help ease this stress! #HRLeaders
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Workers without an emergency fund are 5Xs more likely to anticipate future financial difficulties; 2Xs as likely to feel overwhelmed by debt; and >2Xs as likely to feel too embarrassed to ask for financial guidance. Can Purchasing Power help? #HRLeaders
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